News

  Abu Dhabi / Emirates Business Residents of the United Arab Emirates (UAE) can now apply for visas to Belgium at a new visa application centre launched in Abu Dhabi. The centre was inaugurated by HE Dominique Mineur, Ambassador of the Kingdom of Belgium to the United Arab Emirates. Abu Dhabi is the second city in the Middle East, after ...

  Dubai / Emirates Business Dubai Land Department (DLD) launched the latest edition of its ‘Trakheesi System’. The edition reflects the continuous efforts made by Dubai Land Department to improve its services, with the introduction of reliable and rapid procedures that will support customers, and promote the use of smart services provided to real estate companies, individuals and investors. The ...

  Sharjah / Emirates Business Heart of Sharjah – one of the largest heritage-focussed project in the region – has announced that it has extended its ‘Al Basta’ market at Souq AI Shanasiyah to March 31. Initially scheduled to end on January 7, the new extension reflects on the growing turnout from the public and tourists, enjoying an authentic experience ...

  Dubai / Emirates Business Dubai Culture & Arts Authority (Dubai Culture), the Emirate’s dedicated entity for culture, arts and heritage, signed a Memorandum of Understanding (MoU) with Dubai Airports to provide reading opportunities for passengers in airport arrival and departure lounges. The project is due for completion by March 2017, to coincide with the UAE’s National Month of Reading. ...

  Reuters Resources for the state fund intended to cover Algeria’s budget deficits had declined by 59.5 percent at the end of 2016 from the previous year because of falling oil prices, Finance Minister Hadji Baba Ammi said. State finances were already under pressure in Algeria, where the government had forecast foreign exchange reserves would reach $114 billion by the ...

  Bloomberg Special prosecutors called Samsung Electronics Co. Vice Chairman Jay Y. Lee for questioning as a suspect in a bribery investigation, deepening an influence-peddling scandal that has already led to the impeachment of South Korea’s president. The de facto head of the Samsung Group was summoned to appear at 9:30 a.m. in Seoul on Thursday, special prosecution spokesman Lee ...

    Bloomberg Garena, Southeast Asia’s most valuable startup, picked Goldman Sachs Group Inc. to lead a planned initial public offering that could fetch about $1 billion, according to people with knowledge of the matter. The Singapore-based online gaming portal and e-commerce provider plans to select additional banks as soon as this month, the people said. Garena is considering listing ...

  Bloomberg China Communication Technology is among final bidders for Asia Broadcast Satellite, the communications operator being sold by European private equity firm Permira, people familiar with the matter said. CCT, a Shenzhen-based provider of military communication equipment, is in the advanced stages of negotiations with Permira, the people said, asking not to be identified because the discussions are confidential. ...

  Bloomberg China is becoming more dependent on overseas natural gas as it seeks to wean itself off coal and avoid the toxic smog that suffocates the country every winter. The world’s largest energy user will increase imports of liquefied natural gas about 30 percent this year as domestic production stagnates and the government pushes cleaner fuels in an effort ...

  Bloomberg The German economy is getting some wind in its sails just as the waters are about to get rough. The nation, the first of the world’s biggest developed economies to report on its 2016 performance, probably achieved expansion of 1.8 percent, helped by a pickup toward the end of the year. The German result, forecast by economists surveyed ...